Thursday, January 5, 2023

SUN Mobility Presented With The 2022 Tracxn Emerging Startups Award

* The company was recognized in the Top Energy Storage tech Startup category for its execution excellence and future growth potential 

SUN Mobility, a leading provider of energy infrastructure and services for Electric Vehicles (EV) has been presented with the Emerging Startups Award by Tracxn, an analyst-led platform. This edition, for ‘Top Energy Storage Tech Startups’ identified promising global startups leading the industry in this space. 

Companies have been identified based on a detailed analysis of multiple publicly available information such as market size, investments, execution excellence, and future growth prospects. A pioneer in the battery swapping space, SUN Mobility has been working towards its goal to propel the adoption of 1 million EVs by 2025 by addressing some of the key EV adoption issues - high cost, range anxiety, long charging time, and lack of infrastructure - through its innovative solutions.

“Being recognized amongst global companies for the kind of work we are driving is heartening to see. This recognition comes at a point in our journey where we are driving our efforts towards transforming the future of Urban Mobility by helping democratize mass-scale adoption of electric vehicles,” said Anant Badjatya, CEO, SUN Mobility.

SUN Mobility’s vision is to make Electric Vehicles accessible and affordable for all, and their universal network of interoperable energy infrastructure is helping accelerate the pace of mass adoption of electric mobility. The company has collaborated with vehicle manufacturers, battery cell technology providers, fleet operators and aggregators, oil marketing companies, and cities in order to holistically foster and guide the EV ecosystem. 

About SUN Mobility

SUN Mobility is a global leader in providing energy services to the transport sector enabling electric vehicles to be refueled in a faster, cheaper, and more convenient way; thereby helping the mass adoption of electric vehicles globally and transition to a sustainable, pollution-free future.

Founded in 2017, it is a joint venture between SUN Group and Maini Group, pioneers in areas of electric mobility and clean energy. The company is co-founded by Chetan Maini, previously founder of Reva Electric Car Company now Mahindra Electric, Uday Khemka, Vice Chairman of SUN Group, Ajay Goel, Co-Founder & Executive Director, and Anand Badjatya, CEO. In 2019, Bosch acquired stakes in SUN Mobility and has been a strategic partner in accelerating the technological evolution of the company. Vitol, the world’s largest independent oil trading organization, is also a strategic investor in the company. SUN Mobility’s energy solution, deployed at Swap Point™  leverages its interoperable battery-swapping technology by means of Smart Battery, Quick Interchange Station, and Smart Network. The organization is working with fleet operators, shared mobility providers, cities, and automotive OEMs across all platforms including 2/3 wheelers and buses to challenge the status quo with an economical, scalable, and smarter way forward. SUN Mobility has deployed 227 Swap Points™ in more than 18 cities in India, powering over 54 million km in the country so far.

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